Yokoy, a Swiss start-up helping companies manage their expenses, has raised $80 million in a financing round led by Sequoia Capital.
The deal values the three-year-old company at more than $500 million, a person familiar with the matter told CNBC.
Yokoy will use the fresh cash to pursue expansion in Europe. Further down the line, the company also has ambitions to enter the U.S.The Silicon Valley venture capital firm told CNBC that it led an $80 million funding round for Yokoy, a platform that helps large companies manage their expenses, invoicing and credit card processing. Previous investors Left Lane and Balderton Capital also took part in the round.
The deal values the Zurich-based company at more than $500 million, a person familiar with the matter told CNBC. The person preferred to remain anonymous discussing commercially sensitive information.Download NBC 5 Dallas-Fort Worth
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